CBS’ regulatory approach to shareholding changes within licensed banks |28 February 2026

The board of the Central Bank of Seychelles has clarified its regulatory approach regarding changes in shareholding within licensed banks, in line with its mandate to regulate and supervise the banking sector, as in the case of the proposed shareholding change in Nouvobanq, which has been the subject of recent media and public attention.

Any transaction involving a change in ownership of a licensed bank is subject to a comprehensive assessment, in accordance with section 46 of the Financial Institutions Act, 2004, to maintain strong governance and financial stability. Such supervisory reviews are conducted within established legal and regulatory frameworks applicable to all licensed institutions and are subject to confidentiality requirements.

Accordingly, the Central Bank of Seychelles (CBS) does not communicate details of regulatory applications or transactions.

Relevant communication may be provided by the concerned parties once a regulatory decision has been finalised.

It is to be noted that speculation may affect individual institutions as well as the financial system in general and may ultimately undermine financial stability.

CBS remains an independent institution committed to carrying out its mandate with professionalism and objectivity and continues to uphold the values of accountability, transparency and integrity, which underpin all supervisory and regulatory decisions taken in the pursuit of its mission to promote price and financial system stability.

CBS reassures the public that the domestic banking sector remains stable and that the Bank will continue to discharge its responsibilities in a manner that ensures the sound functioning of the financial system and protects the interests of the public.

Press release from the CBS